Congressional Budget Chief Says Climate Bill Would Cost Jobs

Congressional Budget Chief Says Climate Bill Would Cost Jobs Ian Talley, Wall Street Journal 10-14-09
WASHINGTON — The head of the Congressional Budget Office on Wednesday countered Obama administration claims that a landmark climate bill would be a boost to the economy.
President Barack Obama and Senate Democrats championing the bill have said mandating greenhouse-gas caps, renewable energy and efficiency standards would be a boon to an ailing economy, creating new low-carbon industries. Millions of so-called green jobs would be created under the cap-and-trade legislation being considered in the Senate, Democrats say.
CBO Director Douglas Elmendorf warned a Senate energy panel that there would be “significant shifts” …..Read more